How policies affect international biofuel price linkages
Rajcaniova, M; Drabik, D; Ciaian, P
HERO ID
10289055
Reference Type
Journal Article
Year
2013
Language
English
| HERO ID | 10289055 |
|---|---|
| In Press | No |
| Year | 2013 |
| Title | How policies affect international biofuel price linkages |
| Authors | Rajcaniova, M; Drabik, D; Ciaian, P |
| Journal | Energy Policy |
| Volume | 59 |
| Page Numbers | 857-865 |
| Abstract | We estimate the role of biofuel policies in determining which country is the price leader in world biofuel markets using a cointegration analysis and a Vector Error Correction (VEC) model. Weekly prices are analyzed for the EU, US, and Brazilian ethanol and biodiesel markets in the 2002-2010 and 2005-2010 time periods, respectively. The US blender's tax credit and Brazil's consumer tax exemption are found to play a role in determining the ethanol prices in other countries. For biodiesel, our results demonstrate that EU policies - the consumer tax exemption and blending target - tend to determine the world biodiesel price. |
| Doi | 10.1016/j.enpol.2013.04.049 |
| Wosid | WOS:000323235700077 |
| Is Certified Translation | No |
| Dupe Override | No |
| Is Public | Yes |
| Language Text | English |